Corruption as an International Policy Problem
The effects of political & economic corruption on international policy are studied. An overview of corruption's domestic economic effects emphasizes differences between the consequences of grand & petty corruption. The issue of whether corruption constitutes a legitimate obstacle to international trade is discussed. The question of whether the 1977 Foreign Corrupt Practices Act (FCPA) constitutes a disincentive for US businesses to export their products is addressed. Whereas some US companies have utilized the FCPA to prevent solicitations from corrupt foreign officials, other enterprises have simply evaded or disregarded FCPA restrictions. It is concluded that the FCPA has not significantly decreased US exports & that such restrictions may assist US businesses to acquire contracts with democratic systems seeking legitimacy. 2 Tables, 32 References. J. W. Parker